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Snow makes it official

From NBC's Domenico MontanaroTony Snow and President Bush made it official that Snow will be stepping down Sept. 14th. Dana Perino will replace him.

"I sadly accept his desire to leave the White House," Bush told reporters at today's White House Press Briefing. "It's been a joy to watch him spar with you." Bush went on to call Snow "smart," "capable" and witty and then told Snow, "I accept. I love you, and I wish you all the best."

Snow said his decision is solely based on money and has nothing to do with his battle with cancer. "I ran outta money," Snow said. "There's a lot of people sitting there at home saying, 'Well whaddya mean, you make all this money.' Well I made more money in my previous career."

Snow, who was a conservative pundit on Fox Radio and television, said he had promised his family that he would not dip into its savings. He added that he had taken out a loan "when I came to the White House, and that loan is now gone," Snow said.

"Cancer has nothing to do with this decision," he said, adding that his chemotherapy treatment has "held serve." There are no new tumors and his cancer has not grown.

Snow said he plans to go on the speaking circuit and then write books -- first on battling cancer then likely on politics.